& Analysis 13 November 2019 Q3’19 and 9M’19 Management Discussion & Analysis Page 6/6 APPENDIX: Ratio & Formula Liquidity Ratios Current ratio (times) = Total current assets / Total current liabilities Number

Financial Results 12 May 2020 Q1’20 Management Discussion & Analysis Page 6/6 APPENDIX: Ratio & Formula Liquidity Ratios Current ratio (times) = Total current assets / Total current liabilities Number of days

, even with the divestment of assets in the Nikaho and Nagi projects in Japan in September 2018. From the said divestments, the company recorded profit from selling of the assets at THB 795 million

Discussion and Analysis 13 August 2020 Q2’20 and 1H’20 Management Discussion & Analysis Page 6/6 APPENDIX: Ratio & Formula Liquidity Ratios Current ratio (times) = Total current assets / Total current

415 N/A Loss from impairment of assets (34) - N/A (15) N/A (34) (441) N/A Share of profit of associate and JV 52 38 36% 21 144% 404 254 59% Profit/(loss) before finance costs and income tax expense

current investments 7,093 5,713 24% Trade accounts receivable 43,129 37,637 15% Inventories 68,601 70,085 (2)% Other current assets 11,762 10,850 8% Total current assets 130,584 124,284 5% Investment 2,378

19 Table 10: IVL Consolidated Statement of Financial Position THBm 30-Jun-19 31-Dec-18 30-Jun-19 vs 31-Dec-18 Assets Cash and current investments 8,505 5,713 49% Trade accounts receivable 41,098 37,637

12: IVL Consolidated Statement of Financial Position THBm 30-Jun-18 31-Dec-17 30-Jun-18 vs. 31-Dec-17 Assets Cash and current investments 22,997 7,015 228% Trade accounts receivable 41,105 32,098 28

3rd Quarter 2018 MD&A 20 Table 11: IVL Consolidated Statement of Financial Position THBm 30-Sep-18 31-Dec-17 30-Sep-18 vs. 31-Dec-17 Assets Cash and current investments 11,328 7,015 61% Trade accounts

in millions 30-Sep-17 31-Dec-16 30-Sep-17 vs. 31-Dec-16 Assets Cash and current investments 4,601 4,140 11% Trade accounts receivable 31,413 31,085 1% Inventories 41,932 40,459 4% Other current assets